Today, FLOKI is exchanging around $0.00008523 with a 24-hour volume of around $232.69 million in total. Its market cap stands at a current figure of $820.28 million, indicating increased demand both in the entire crypto market and among retail investors at large.
Over the last 24 hours, FLOKI has increased by 9.18 percent, indicating a healthy short-term market sentiment rally. Over the last one-week period, FLOKI price has increased by 11.59 percent, indicating a trend formation with potential to deliver additional gains in the near term.
Technical indicators now support the potential that FLOKI can start a long-term new bull run following past corrections. Analyst Henrik Solberg (SolbergInvest) shared analysis that indicates FLOKI has held a major support level and made progressively higher lows in doing so. His opinion is that this kind of pattern indicates support for a rising trend with potential continuance.
Solberg’s joint chart offers a general time-frame image, on a weekly or monthly data interval, that registers tendencies from mid-2021. FLOKI had then experienced a brilliant run in late 2021 before declining into the longer-term consolidation and corrective move.
FLOKI price supported by EMA trendline movement
The newest chart construction records FLOKI securing support above key past horizontal zone, where major demand has come in mass before. An orange trend line plots increasingly high lows since early 2021, which suggests a persistent build-up and a possible bigger recovery underway.
The other important level is that green rising line, and this can represent some of the longer-term moving averages, such as 50-week or 200-week EMA. This support line still anchors down below price and has upward actions, and thus there will be some additional buying pressure on mid-term.
The price projection by analysts lies between $0.00026 and $0.00034, prices that represent former all-time highs achieved during the last major rally. If this rally comes to pass as expected, FLOKI’s price may grow by 300 to 500 percent and may reach a market cap of approximately $32 billion.
We remain bullish on volumes going steadily, advances in ecosystem projects, and good closes above key resistances. Bullishness in the group continues, but rational price following and longer-term technical confirmation are necessary.
